The Small Business Administration (SBA) published the Paycheck Protection Program (PPP) Loan Forgiveness Application*   On May 15, 2020, the SBA published the PPP Loan Forgiveness Application for borrowers. The Loan Forgiveness Application has four components, two of which must be submitted to the borrower’s lender:  PPP Loan Forgiveness Calculation Form (must be submitted to lender);  PPP Schedule A (must be

Excerpt from SBA FAQ on PPP Loans (updated 4/23/2020) Question: Do businesses owned by large companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan?Answer: In addition to reviewing applicable affiliation rules to determine eligibility, all borrowers must assess their economic need for a PPP loan under the standard established by the CARES

What you need to know about loan forgiveness as part of the Small Business Administration(SBA) Paycheck Protection Program (PPP)* The SBA issued interim final rules on the PPP on April 3, 2020 and updated the PPP Information Sheet forBorrowers accordingly. The PPP allows small businesses to access unsecured loans to cover payroll,insurance premiums, mortgage, rent, and utility costs to help